SEVAN DRILLING ASA: Presentation Materials for Pareto Securities Oil and Offshore Conference 2011

Please find attached the presentation materials for the presentation that was held today at the Pareto Securities Oil and Offshore Conference 2011.

The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs - Continuing Obligations.

Sevan Drilling ASA is an international offshore drilling contractor specializing in the ultra deepwater segment. Sevan Drilling ASA is listed on Oslo Axess.

For further information, please contact:

Scott Kerr, CEO, Sevan Drilling ASA (Media)
+47 99283890 mobile

Jon H. Wilmann, CFO, Sevan Drilling ASA (Analysts)
+47 64001847 office
+47 90560406 mobile



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